Commercial Real Estate Direct Staff Report The buzz is that Deutsche Bank is considering selling its agency-lending operation, Deutsche Bank Berkshire Mortgage. The bank, which didn't comment, is said to have hired Beekman Advisors to solicit potential investors and help ...
Tamir Sapir has sold CIM Group a stake in Credit Suisse's U.S. headquarters building at 11 Madison Ave. in Manhattan, according to the Wall Street Journal. The New York investor bought the 2.2 million-square-foot office tower for $675 million from ...
RiverOak Investment Corp. has paid $31 million for Sierra at Las Colinas, a 172,232-square-foot medical office building in the Las Colinas area of Irving, Texas.The 12-year-old building, at 6655 N. MacArthur Blvd., is fully leased through 2020 by Caris Diagnostics ...
Ian Schrager, a hotelier and founder of Morgans Hotel Group, plans to launch two new upscale brands, one of which would be aimed at the luxury sector and the other would be slightly less expensive.Schrager plans to announce the brand ...
ProLogis has agreed to sell a portfolio of U.S. retail and mixed-use assets to affiliates of TPG Capital for about $505 million. The Denver REIT had assumed the assets through its 2005 acquisition of Catellus Development Corp. It is also ...
A subsidiary of Resource Real Estate Opportunity REIT will pay $6.25 million for an $11 million mortgage on Crestwood Crossings Apartments, a 270-unit complex in Birmingham, Ala. Capmark Bank originated the debt, which was initially provided to a group calling ...
AREA Property Partners has paid $54.5 million for the Giovanna Apartment Homes, with 730 units in suburban Dallas.The New York company, formerly known as Apollo Real Estate Advisors, bought the property at 1800 East Spring Parkway in Plano, Texas, from ...
Pittsburgh Business JournalRingham Corp. has bought the 352-unit Eagle Ridge apartment complex in Monroeville, Pa., for $25 million. Abacus Capital Group of New York sold the property, which had bought it three years ago for $21.7 million, through its Abacus ...
North Bay Business JournalThe Gasser Foundation expects to begin work next spring or early summer on retail and housing developments in Napa, Calif., now that it's secured a movie theater as an anchor tenant for one of the proposed projects. ...
Puget Sound Business JournalMRS Investments has purchased Cedar River Corporate Park in Renton, Wash., and Lincoln Distribution Center in Kent, Wash., for a combined $37.9 million. Cedar River Corporate Park, which Tarragon LLC sold for $27 million, contains four vacant ...
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